The Nigerian Exchange (NGX) started 2026 on a positive note, with the market rising 0.57% in the first trading session of the year.
Investors showed renewed interest in stocks, particularly as new tax laws begin to take effect and portfolios are rebalanced for the year ahead.
Key sector performance:
- Banking: +2.32%
- Insurance: +2.07%
- Energy: +1.38%
- Commodities: +0.71%
- Consumer goods: +0.21%
- Industrial goods: flat
The All-Share Index (ASI) increased by 879 points to 156,492, and total market value rose by N562 billion to nearly N100 trillion.
Top stock performers:
- FTN Cocoa, Deap Capital, Mutual Benefits, ABC Transport: +10% each
- Aluminium Extrusion: +9.93%
- Stocks that fell:
- Abbey Mortgage Bank: -6.25%
- FCMB: -4.56%
- Seplat Energy: -3.43%
- Guinea Insurance: -2.26%
- Universal Insurance: -1.65%
Trading volume slowed compared to the previous session, with 440 million shares worth N25 billion exchanged, but the number of deals increased by 44%, showing more investors are actively participating.
Most active stocks:
- Chams: 120 million units traded
- Linkage Assurance: 21.2 million units
- Lasaco Assurance: 19.5 million units
- Aradel Holdings: 15.6 million units
- Access Holdings: 14.3 million units
Why this matters to you:
-A rising stock market can signal stronger investor confidence and potential opportunities to grow your wealth.
-Knowing which sectors and stocks are gaining can help you make smarter investment decisions.
-More deals in the market suggest increasing activity and liquidity, which is good for anyone looking to buy or sell shares.
